Financial Press Fears Brazilians Will Be Allowed to Elect President of Their Choice
The financial press has long been afraid of what Lula’s liberty would mean for the profits of its readers.
Richard Wolff on Questioning Economic Fundamentals
[mp3-jplayer tracks=”CounterSpin Richard Wolff Full Show @http://www.fair.org/audio/counterspin/CounterSpin180209.mp3″] MP3 Link This week on CounterSpin: Economic news is presented as facts and figures, but it’s also, maybe most importantly, a story, a narrative. But whether it’s an article about companies using their tax cut savings to give workers bonuses or one about how few of them are […]
ABC: War Might Mess Up Your 401K!
Looking at the Dow Jones Industrial Average to explain anything is almost never a good idea.
Stock Traders Are Not Pundits; They Pay What They Think Stocks Are Worth
Today’s lead New York Times story (2/1/09)–subheaded in the print edition “Scant Details, and Wall Street Reacts With a 4.6 Percent Plunge”–is a classic example of the fallacy of treating stock market prices as a kind of opinion poll. Reporters Stephen Labaton and Edmund L. Andrews wrote: “The initial assessment of the plan from the […]
